US Bancorp DE cut its stake in shares of Ecolab Inc. (NYSE:ECL – Free Report) by 0.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,094,204 shares of the basic materials company’s stock after selling 6,326 shares during the period. US Bancorp DE owned 0.38% of Ecolab worth $279,384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also modified their holdings of the stock. Cetera Advisors LLC raised its stake in shares of Ecolab by 84.3% during the first quarter. Cetera Advisors LLC now owns 13,415 shares of the basic materials company’s stock valued at $3,098,000 after acquiring an additional 6,137 shares in the last quarter. GAMMA Investing LLC boosted its stake in Ecolab by 50.9% in the second quarter. GAMMA Investing LLC now owns 4,922 shares of the basic materials company’s stock valued at $1,171,000 after acquiring an additional 1,660 shares in the last quarter. Tidal Investments LLC grew its holdings in Ecolab by 19.1% in the first quarter. Tidal Investments LLC now owns 21,198 shares of the basic materials company’s stock worth $4,895,000 after purchasing an additional 3,393 shares during the last quarter. Koshinski Asset Management Inc. acquired a new position in shares of Ecolab during the first quarter worth $1,194,000. Finally, DekaBank Deutsche Girozentrale lifted its holdings in shares of Ecolab by 9.6% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 283,748 shares of the basic materials company’s stock valued at $65,653,000 after purchasing an additional 24,910 shares during the last quarter. 74.91% of the stock is owned by institutional investors.
Insiders Place Their Bets
In other news, Director David Maclennan purchased 650 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was acquired at an average price of $240.41 per share, with a total value of $156,266.50. Following the purchase, the director now directly owns 17,967 shares in the company, valued at approximately $4,319,446.47. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Victoria Reich sold 393 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $250.00, for a total value of $98,250.00. Following the transaction, the director now owns 24,041 shares of the company’s stock, valued at $6,010,250. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David Maclennan purchased 650 shares of the stock in a transaction dated Friday, August 2nd. The shares were acquired at an average price of $240.41 per share, with a total value of $156,266.50. Following the completion of the acquisition, the director now owns 17,967 shares in the company, valued at approximately $4,319,446.47. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.50% of the company’s stock.
Ecolab Price Performance
Ecolab (NYSE:ECL – Get Free Report) last released its earnings results on Tuesday, July 30th. The basic materials company reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.67 by $0.01. The business had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.03 billion. Ecolab had a net margin of 10.95% and a return on equity of 21.65%. The business’s revenue was up 3.5% on a year-over-year basis. During the same period last year, the company posted $1.24 EPS. As a group, equities research analysts anticipate that Ecolab Inc. will post 6.65 EPS for the current fiscal year.
Analyst Ratings Changes
Several brokerages recently issued reports on ECL. Morgan Stanley upped their target price on Ecolab from $240.00 to $263.00 and gave the company an “equal weight” rating in a research report on Wednesday. Piper Sandler increased their price objective on shares of Ecolab from $270.00 to $305.00 and gave the company an “overweight” rating in a research report on Thursday, September 26th. Bank of America raised shares of Ecolab from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $251.00 to $272.00 in a research report on Wednesday, July 31st. BMO Capital Markets raised their price objective on Ecolab from $260.00 to $279.00 and gave the stock a “market perform” rating in a research note on Wednesday. Finally, Stifel Nicolaus raised shares of Ecolab from a “hold” rating to a “buy” rating and upped their price target for the company from $233.00 to $283.00 in a report on Monday, July 8th. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Ecolab presently has an average rating of “Moderate Buy” and an average target price of $277.20.
View Our Latest Analysis on Ecolab
Ecolab Company Profile
Ecolab Inc provides water, hygiene, and infection prevention solutions and services in the United States and internationally. The company operates through three segments: Global Industrial; Global Institutional & Specialty; and Global Healthcare & Life Sciences. The Global Industrial segment offers water treatment and process applications, and cleaning and sanitizing solutions to manufacturing, food and beverage processing, transportation, chemical, metals and mining, power generation, pulp and paper, commercial laundry, petroleum, refining, and petrochemical industries.
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